Pulpit Freedom Sunday: Doubling Up
Some 1,300 pastors will take to the pulpit this Sunday to make the point that the Internal Revenue Service cannot tell them what to say or not say to their congregations about politics. The yearly event, known as Pulpit Freedom...
Read more »What You See is What You Get, IRS Says
Tax exempt attorneys looking for new answers to big questions about how their clients should handle political involvement in the run-up to the November election did not get them at this weekend’s American Bar Association Tax Section meeting in Boston....
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Photograph by Bill Clark/CQ Roll Call/Getty Images
Tea party activist William Temple marches in front of the U.S. Supreme Court.
Tea Party Tax Exemptions Granted
Tea Party groups are moving closer to their goal of being able to discuss the issues in the upcoming presidential election — while remaining tax-free. After complaining loudly of unfair treatment at the hands of the IRS, at least eight...
Read more »Anonymous Donations Can Remain Secret Despite IRS Requirement to Disclose
The handwringing over disclosure of who is giving money to 501(c)(4)’s in the run-up to the 2012 presidential election has increased, as donors seeking anonymity try to bring a cone of silence down around their contributions. Social welfare organizations that...
Read more »Obama Estate Tax Budget Proposal Keeps Wealthy Jumpy
Those who manage the wealth of the rich and super-rich are warily eyeing an Obama administration budget proposal for 2013 that would require people who create trusts, known as grantors, to include the assets of their trusts in their own...
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Photograph by Toni L. Sandys/The Washington Post via Getty Images
Springbrook High School hosted a charity basketball game.
Tax Bulletin: Pease Amendment
Donors who take tax deductions for charitable contributions dodged one bullet when the Senate failed to pass the so-called Buffett rule recently. Yet another threat is lurking. The Pease amendment, which would reduce charitable donation credits by 3 percent of...
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